IDEAS home Printed from https://ideas.repec.org/a/bfr/fisrev/20111603.html
   My bibliography  Save this article

When Western sovereign risk is in play

Author

Listed:
  • El-Erian, M. A.

Abstract

Sovereign risk was a big macro theme in 2011, and understandably so. This theme will not abate in 2012. Indeed, this year will likely feature many additional sovereign risk developments that will impact in a consequential manner the functioning of the global economy and financial markets. In the process, they will continue to fuel uncertainty and volatility, to alter the behaviour of companies and individuals, to challenge the effectiveness of government policies, and to impact market correlations and stability. Both the public and private sector need to understand better the dynamics of Western sovereign risk and, importantly, react responsively and in a more timely, comprehensive and decisive manner. They need to pivot from a reactionary mode to a pre-emptive one. And they need to do so in a coordinated and sustained fashion otherwise they will all find it much harder to restore growth, jobs and fi nancial stability.

Suggested Citation

  • El-Erian, M. A., 2012. "When Western sovereign risk is in play," Financial Stability Review, Banque de France, issue 16, pages 29-36, April.
    • Handle: RePEc:bfr:fisrev:2011:16:03
    as

    Download full text from publisher

    File URL: https://publications.banque-france.fr/sites/default/files/medias/documents/financial-stability-review-16_2012-04.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Talam, Camilla & Kiemo, Samuel, 2024. "Interest rate risk in Kenya: The banking sector stability and fiscal risks nexus," KBA Centre for Research on Financial Markets and Policy Working Paper Series 80, Kenya Bankers Association (KBA).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bfr:fisrev:2011:16:03. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael brassart (email available below). General contact details of provider: https://edirc.repec.org/data/bdfgvfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.